Word: costes
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...that would become Neverland. Maintaining the theme park - complete with zoo, movie theater and fairground - swallowed up about $5 million annually. As Jackson gradually retreated from work, the additional millions eaten up by plane charters, antiques, lavish gifts and legal disputes - a child-molestation case in the early 1990s cost Jackson around $20 million to settle - left a hole in his fortune. To help plug it, in 1995 the singer signed over to Sony a 50% stake in the rights to the Beatles' catalog in exchange for almost $100 million. (Watch TIME's video "Appreciating Michael Jackson, the Musician...
This spring the Federal Transit Administration gave marginal or poor ratings to more than a third of the equipment of the largest rail transit agencies in the U.S. To replace the nation's elderly equipment and finish station rehabilitations, it would cost roughly $50 billion; keeping the updated system in good repair afterward would run nearly $6 billion a year. (Read: "U.S. Stimulus Puts Bullet Trains on the Fast Track...
...bill in the short term. It's clear, however, that if the nation has any real interest in reducing driving, unclogging our roads and cutting back on the carbon emissions that come from transportation, we need to get serious about overhauling our antiquated public-transit system - and that will cost billions. "Failing to fix this will be unacceptable," says Goldberg...
Steele, Michael • realization by of the utter simplicity of solving the health-care crisis ("If it's a cost problem, it's easy: Get the people in a room who have the most and the most direct impact on cost, and do the deal. Do the deal. It's not that complicated. If it's an access question, people don't have access to health care, then figure out who they are and give them access! Hello?! Am I missing something here...
...University spokesman Kevin Galvin noted that compensation costs account for half of Harvard's operating budget, and also pointed to the other cost-cutting measures implemented by the University before the layoffs, including a voluntary early retirement program, a salary freeze for faculty and non-union staff, and strictly limited hiring practices. He said that staff reductions have thus far been "spread evenly across our workforce," and noted that the average participant in the early retirement program had an annual salary of $67,000, with roughly half the participants working as hourly employees and half as administrative and professional staff...